Current Silver Prices Surge Amid Geopolitical Tensions
Silver Rate Update (May 13, 2026)
Silver Rate Today (May 13, 2026): The ongoing geopolitical unrest in West Asia is significantly affecting the bullion market, leading to notable fluctuations in silver prices throughout India. As reported by the All India Sarafa Association, the price of silver in Delhi surged by Rs 12,000, reaching Rs 2,77,000 per kilogram, taxes included, on Wednesday. Concurrently, silver futures on the Multi Commodity Exchange (MCX) saw a decline of 0.26 percent, or Rs 711, trading at Rs 2,77,600 per kg during morning hours. In the previous trading session, the metal closed at Rs 2,78,311 per kg. Data from the Indian Bullion and Jewellers Association (IBJA) indicated that silver was trading at Rs 2,64,867 per kg on Wednesday morning. However, retail prices reported by GoodReturns showed silver climbing as high as Rs 2,90,000 per kilogram. Furthermore, the government has increased the import duty on gold and silver from 6% to 15%. In international markets, spot silver fell to $83.49 per ounce, reflecting the volatility in global bullion sentiment. Earlier this year, on January 29, silver futures reached a record high of Rs 4,20,048 per kilogram.
Silver Prices in Major Cities
Silver Rate In Delhi, Chennai, Mumbai And Other Major Cities
| City | 10 Gram Silver Price | 100 Grams Silver Price | Price Of 1 Kg Silver Price |
| Delhi | Rs 2,900 | Rs 29,000 | Rs 2,90,000 |
| Mumbai | Rs 2,900 | Rs 29,000 | Rs 2,90,000 |
| Kolkata | Rs 2,900 | Rs 29,000 | Rs 2,90,000 |
| Chennai | Rs 3,000 | Rs 30,000 | Rs 3,00,000 |
| Patna | Rs 2,900 | Rs 29,000 | Rs 2,90,000 |
| Lucknow | Rs 2,900 | Rs 29,000 | Rs 2,90,000 |
| Meerut | Rs 2,900 | Rs 29,000 | Rs 2,90,000 |
| Ayodhya | Rs 2,900 | Rs 29,000 | Rs 2,90,000 |
| Kanpur | Rs 2,900 | Rs 29,000 | Rs 2,90,000 |
| Ghaziabad | Rs 2,900 | Rs 29,000 | Rs 2,90,000 |
| Noida | Rs 2,900 | Rs 29,000 | Rs 2,90,000 |
| Gurugram | Rs 2,900 | Rs 29,000 | Rs 2,90,000 |
| Chandigarh | Rs 2,900 | Rs 29,000 | Rs 2,90,000 |
| Jaipur | Rs 2,900 | Rs 29,000 | Rs 2,90,000 |
| Ludhiana | Rs 2,900 | Rs 29,000 | Rs 2,90,000 |
| Guwahati | Rs 2,900 | Rs 29,000 | Rs 2,90,000 |
| Indore | Rs 2,900 | Rs 29,000 | Rs 2,90,000 |
| Ahmedabad | Rs 2,900 | Rs 29,000 | Rs 2,90,000 |
| Appearance | Rs 2,900 | Rs 29,000 | Rs 2,90,000 |
| Nagpur | Rs 2,900 | Rs 29,000 | Rs 2,90,000 |
| Pune | Rs 2,900 | Rs 29,000 | Rs 2,90,000 |
| Nashik | Rs 2,900 | Rs 29,000 | Rs 2,90,000 |
| Bangalore | Rs 2,900 | Rs 29,000 | Rs 2,90,000 |
| Vadodara | Rs 2,900 | Rs 29,000 | Rs 2,90,000 |
| Bhubaneswar | Rs 3,000 | Rs 30,000 | Rs 3,00,000 |
| Cuttack | Rs 3,000 | Rs 30,000 | Rs 3,00,000 |
| Kerala | Rs 3,000 | Rs 30,000 | Rs 3,00,000 |
| Raipur | Rs 2,900 | Rs 29,000 | Rs 2,90,000 |
| Hyderabad | Rs 3,000 | Rs 30,000 | Rs 3,00,000 |
Market Analysis
Silver Rates See Sharp Swings Across Markets
Market analysts suggest that the persistent uncertainty surrounding global geopolitical events and fluctuations in the US dollar are key factors influencing precious metal prices. Investors are also keeping a close eye on inflation data from the United States, which could further impact global bullion trends. According to a research analyst at a financial services firm, silver prices increased on Tuesday as investors sought to comprehend the intricate dynamics between Washington and Tehran while awaiting crucial US inflation statistics.
Previous Trading Session Insights
What Happened In The Previous Trading Session?
During the last trading session, silver prices remained stable in domestic markets, primarily due to the rupee's weakness against the US dollar and ongoing geopolitical uncertainties. The All India Sarafa Association reported a rise of Rs 12,000, or 4.53 percent, bringing the price to Rs 2,77,000 per kg compared to the previous close of Rs 2,65,000 per kg. In futures trading, silver contracts for July delivery on the MCX increased by Rs 751, or 0.27 percent, to Rs 2,79,062 per kg as traders expanded their positions amid robust domestic demand. However, globally, Comex silver futures fell by 0.91 percent to $85.27 per ounce. Analysts noted that buying activity in the domestic market and concerns related to the West Asia crisis supported silver prices despite the weakness observed in overseas markets.